If you did tell them the risk of investment in crypto then they already know the risk but choose only the coins that will work in the long run, a long term investment such as Bitcoin and not the other coins which they lack or you lack of knowledge about. Don't invest it in a shit coins that would die eventually so that you won't regret it later.
I do have some family members that want to invest and I already told them the risk and how/when is the right time they will get their profit with their investment. At least do what you know that can make profit in the future and don't be greedy enough to lose it everything or you will be blamed. At least they trust their money with you so do something with it it's not just their money will be gone it's the same with you too.
Topic: Friends and Family members want me to invest for them, help! - page 4. (Read 5864 times)
November 24, 2022, 07:55:16 PM
November 24, 2022, 07:34:12 PM
Now they want me to invest their own money on coins and they aren't ready to choose the coins they will like themselves.
After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.
If I were you, I will refuse it.After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.
If they want to invest in crypto, they must be ready to choose crypto coins and they must do it themselves. Always remind them that investing in crypto is high risk and unpredictable, there is no guarantee for profits. That's why do it with our own research and with our own efforts. So, if something bad happens to the crypto assets in the future, we don't blame others if we do it ourselves. It is different if you are asked by other people to invest their money, you are responsible for their money if you failed to get profits in the future. It is simply too risky for you, dude.
November 24, 2022, 05:14:24 PM
You are not the only one, but not my closest friends, as they know that I will not do it to them. I have a close relative who keeps asking me this, as well as previous officemates who were always asking, "How do I do it?" to make money with bitcoin, or how do I trade? If they can give me money so that they can earn also money? What have I just said to them? I just laughed, nothing more or less, then walked out. It is like I am giving you the fare to go to your job, but your salary on that day will be given to them. No, it's not as simple as they think; send them links to websites where they can learn.
That is exactly the most annoying part. You can talk with your close friends and tell them that they can do it themselves and you will not help them do it directly. If they want to buy bitcoin, then they could open an account on binance and buy it, that’s as simple as it gets and since our friends are usually at around our age, they can do what we can do.However, when we are talking about relatives, or even not directly relatives but friends of our relatives, they ask "kindly" to help them and buy it for them. I always tell them I won't do it but I can send them videos that shows how it can be done, and like just a day later they call back saying they didn't understand would "feel a lot safer" if I do it for them. No way, I will not but it’s really bothering.
November 24, 2022, 03:44:10 PM
In my country up to 7 people I knew very well ( friends and family ) want me to help them invest money in crypto, after telling them the risk involved and how it will be better if they learn themselves they turn the idea down..
Now they want me to invest their own money on coins and they aren't ready to choose the coins they will like themselves.
After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.
Is my thoughts right? If you are in my shoes what will you do?
Now they want me to invest their own money on coins and they aren't ready to choose the coins they will like themselves.
After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.
Is my thoughts right? If you are in my shoes what will you do?
You are not the only one, but not my closest friends, as they know that I will not do it to them. I have a close relative who keeps asking me this, as well as previous officemates who were always asking, "How do I do it?" to make money with bitcoin, or how do I trade? If they can give me money so that they can earn also money? What have I just said to them? I just laughed, nothing more or less, then walked out. It is like I am giving you the fare to go to your job, but your salary on that day will be given to them. No, it's not as simple as they think; send them links to websites where they can learn.
As long as possible, i dont really make myself do exposed that i have dealing with cryptocurrency but if i dont have choice then i do tell about crypto but im not really a fan on guiding up
them on things on step by step manner.I do redirect them on some sites which do shows the basic specially with Bitcoin.I do always remind them
that they shouldnt really believe with those too good to be true offers but sadly most of them did really fall out into that thing which is really something a disaster.
November 24, 2022, 08:31:50 AM
In my country up to 7 people I knew very well ( friends and family ) want me to help them invest money in crypto, after telling them the risk involved and how it will be better if they learn themselves they turn the idea down..
Now they want me to invest their own money on coins and they aren't ready to choose the coins they will like themselves.
After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.
Is my thoughts right? If you are in my shoes what will you do?
Now they want me to invest their own money on coins and they aren't ready to choose the coins they will like themselves.
After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.
Is my thoughts right? If you are in my shoes what will you do?
You are not the only one, but not my closest friends, as they know that I will not do it to them. I have a close relative who keeps asking me this, as well as previous officemates who were always asking, "How do I do it?" to make money with bitcoin, or how do I trade? If they can give me money so that they can earn also money? What have I just said to them? I just laughed, nothing more or less, then walked out. It is like I am giving you the fare to go to your job, but your salary on that day will be given to them. No, it's not as simple as they think; send them links to websites where they can learn.
November 24, 2022, 02:59:22 AM
In my country up to 7 people I knew very well ( friends and family ) want me to help them invest money in crypto, after telling them the risk involved and how it will be better if they learn themselves they turn the idea down..
Now they want me to invest their own money on coins and they aren't ready to choose the coins they will like themselves.
After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.
Is my thoughts right? If you are in my shoes what will you do?
Most people are only interested in the profit of a business without considering the risk it entails, so you should give them lectures and not joke about the security of their assets. Additionally, they should do more research about cryptocurrencies in general to gain a basic understanding, and they shouldn't trust the advice of strangers. If your family and friends are interested in investing in bitcoin, it won't be bad at all, but I feel avoiding altcoins, for now, is just the best. The ideal moment to buy Bitcoin and hold is right now. so that once the next bull run begins, you, your family, and your friends may profit. Now they want me to invest their own money on coins and they aren't ready to choose the coins they will like themselves.
After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.
Is my thoughts right? If you are in my shoes what will you do?
In my country up to 7 people I knew very well ( friends and family ) want me to help them invest money in crypto, after telling them the risk involved and how it will be better if they learn themselves they turn the idea down..
Now they want me to invest their own money on coins and they aren't ready to choose the coins they will like themselves.
After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.
Is my thoughts right? If you are in my shoes what will you do?
To the best of my knowledge they are trying to avoid the risk, if any goes wrong they will hold you responsible. So guy for me no try the thing it very dangerous. Ask if they are interested they should do it themselves, convince them that if they do by themselves it leads to more profit and also keep things secret, that is your personal information away from any body. Now they want me to invest their own money on coins and they aren't ready to choose the coins they will like themselves.
After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.
Is my thoughts right? If you are in my shoes what will you do?
I will always weigh the following, when working with family it is something very delicate unless it is of maximum trust and that the other family member never complains if he loses or something similar, in trading there is always the option of losing , and as long as the accounts are clear, I think that is where the detail will be, I have seen how many people trade and show their caputras de patnala what they have done during the day and I appreciate that it is something very good and positive, only So I think that you can become totally transparent, that is the best option, in any case it is advice, but you must be very careful when working with relatives.
Our family members will likely know our ability because they can see us often and our activities that we do. We also talk about it sometimes with them. They entrust their money with us because they know that we have a knowledge with it but I think they also know that losing is also inevitable in cryptos so there is no need for us to pressure ourselves and let us only enjoy the process.We also know the attitude of our family members. If you know that they get easily pissed off or annoyed about losses then much better if you avoid making transactions with them because there is a big chance that they will hate you when the outcome is not good.
(......)
After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.
Is my thoughts right? If you are in my shoes what will you do?
It's ok for me as long as they are aware of the risks, they must not hope that everything will go because we all know cryptocurrency is very risky or volatile.After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.
Is my thoughts right? If you are in my shoes what will you do?
Another problem here is some people don't understand this because they are greedy, they only think of easy money.
So if there will be something will happen in the future about their investments, like negative or losses, they can blame you, so you need to explain that also to them.
In my country up to 7 people I knew very well ( friends and family ) want me to help them invest money in crypto, after telling them the risk involved and how it will be better if they learn themselves they turn the idea down..
Now they want me to invest their own money on coins and they aren't ready to choose the coins they will like themselves.
After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.
Is my thoughts right? If you are in my shoes what will you do?
You must teach them and not do this thing for them, it is like teach them how to fish not to give them fish so that as time passes by they will learn more about trading and will held you accountable for anything, because what happen to you when market gets bad again?you will become just a broker if you will buy coins and trade for them.Now they want me to invest their own money on coins and they aren't ready to choose the coins they will like themselves.
After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.
Is my thoughts right? If you are in my shoes what will you do?
on dealing up with this market.Dont make out some guarantees nor claim out sure money or profits because that would really be creating that kind of impression which they do thought that it was true
but its not.We know that this market is totally unpredictable and there's no way on assuring yourself on ending up on positive.
After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.
Is my thoughts right? If you are in my shoes what will you do?
It's for the better if you would turn it down since crypto is too risky and you would just be responsible if they lose in it. There's nothing wrong if you don't accept it, their opinion doesn't matter if you already told them the risk that comes from it, they should learn it from themselves.Is my thoughts right? If you are in my shoes what will you do?
After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.
Is my thoughts right? If you are in my shoes what will you do?
It's for the better if you would turn it down since crypto is too risky and you would just be responsible if they lose in it. There's nothing wrong if you don't accept it, their opinion doesn't matter if you already told them the risk that comes from it, they should learn it from themselves.Is my thoughts right? If you are in my shoes what will you do?
specially if this one deal up on closest relative or family members which you might be ending up on agreeing on what they are asking into.For me then i had already ignored out their request
on making investment in behalf of them which i dont really want to get blamed on when market do mess up.
Im not that type of a person whose really that relax when someone do really make out some debates or blaming.This is why it is much better to
make yourself aware for possible troubles or quarrels later on.
I had an unwritten rule - not to dedicate my family and close friends to the process of work. As you can see, most often this is the right choice if you want to avoid further problems.
And that's what I thought of too. It's better not to get involved with their money and let them handle it on their own. You do give them advice but don't put a touch on your hands with their money.It's for the better if you would turn it down since crypto is too risky and you would just be responsible if they lose in it. There's nothing wrong if you don't accept it, their opinion doesn't matter if you already told them the risk that comes from it, they should learn it from themselves.
That's right, you'll be the one at the center of their blaming when they start to see that their money invested is losing. Learn from the experience of others that have done it during the two bear markets or more when people was enticed to offer this to them. After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.
Is my thoughts right? If you are in my shoes what will you do?
It's for the better if you would turn it down since crypto is too risky and you would just be responsible if they lose in it. There's nothing wrong if you don't accept it, their opinion doesn't matter if you already told them the risk that comes from it, they should learn it from themselves. Is my thoughts right? If you are in my shoes what will you do?
The best way so far is to take your own decisions, because if you should start seeking advice from people and if something goes wrong it's you that will hold responsible, i believe that making a personal research and not to be dependable to anyone should be the best option from my perspective.
If we take into account the situation that Ortho writes about, the problem is that his relatives and acquaintances are not going to learn how to invest in cryptocurrency on their own. Obviously, they have heard that investing in cryptocurrency brings a big profit, they want to increase their money through OP in this way.
I love your decision and do not ever try to take any money or funds from them to invest in any altcoin I know this is very tempting because we are in bear market and you can't actually predict what could happened next moreover with this sentiment on FTX news happening currently. Last thing you should ever do is to teach them how to buy and sell or possible how to buy any currency from their most recognized exchange but do not involved yourself with their funds otherwise you could be held responsible for their lost.
- Then I just added, Sir, from what I saw in OP, he is not the type of person who can be taken advantage of, because if what he experienced happened to other people, the money that was entrusted to the family that he was referring to would probably have run away.
But OP is different, he did not take advantage of the family's trust in him who wanted to invest in cryptocurrency, although what OP wanted was for his family and friends to learn through their efforts. So I also salute OP, to be honest.
If I were in that situation, I would say no. I do not want them to blame me for my losses. Explaining it to them that we cannot control the market as it can go up or down without warning due to its unpredictable moves. I would rather let them be educated first about the basics, especially the risks that they're taking and acknowledging the results whether if its a profit or a loss.
This reminds me of my dad back then who wants to be guided to invest on Bitcoin. Instead of giving me the money and taking care of his Bitcoin, I only taught him step by step on how to buy BTC, etc., despite that he is illiterate in the crypto world. But I know that he would forgot how to do it, I've already have made him write down his passwords, secret phrases, etc., just in case, for his own account and not mine.
This reminds me of my dad back then who wants to be guided to invest on Bitcoin. Instead of giving me the money and taking care of his Bitcoin, I only taught him step by step on how to buy BTC, etc., despite that he is illiterate in the crypto world. But I know that he would forgot how to do it, I've already have made him write down his passwords, secret phrases, etc., just in case, for his own account and not mine.
Now they want me to invest their own money on coins and they aren't ready to choose the coins they will like themselves.
After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.
Is my thoughts right? If you are in my shoes what will you do?
After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.
Is my thoughts right? If you are in my shoes what will you do?
You have to make a difficult decision, because in case of unsuccessful investment, your friends and acquaintances can show you claims that you have lost their money. Obviously, you need to explain to them the risks associated with investing in cryptocurrency, but which coin they need to buy, they must decide on their own.
there are people who are pointing fingers at me and been blaming on what they had lost.Its better to be quiet and tell them that they should do their own research and
made out their own decisions whether they would invest on their own or not.Just let them do know about the basics and the rest would really be entirely
depending on their hands on how they would really be learning up new things along the way.The rest would really be depending on common sense.
Now they want me to invest their own money on coins and they aren't ready to choose the coins they will like themselves.
After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.
Is my thoughts right? If you are in my shoes what will you do?
After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.
Is my thoughts right? If you are in my shoes what will you do?
You have to make a difficult decision, because in case of unsuccessful investment, your friends and acquaintances can show you claims that you have lost their money. Obviously, you need to explain to them the risks associated with investing in cryptocurrency, but which coin they need to buy, they must decide on their own.
there are people who are pointing fingers at me and been blaming on what they had lost.Its better to be quiet and tell them that they should do their own research and
made out their own decisions whether they would invest on their own or not.Just let them do know about the basics and the rest would really be entirely
depending on their hands on how they would really be learning up new things along the way.The rest would really be depending on common sense.
Now they want me to invest their own money on coins and they aren't ready to choose the coins they will like themselves.
After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.
Is my thoughts right? If you are in my shoes what will you do?
After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.
Is my thoughts right? If you are in my shoes what will you do?
You have to make a difficult decision, because in case of unsuccessful investment, your friends and acquaintances can show you claims that you have lost their money. Obviously, you need to explain to them the risks associated with investing in cryptocurrency, but which coin they need to buy, they must decide on their own.
Jump to: